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Claren Energy (TSXV:CEN.H) Interest Coverage : 0 (At Loss) (As of Apr. 2024)


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What is Claren Energy Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Claren Energy's Operating Income for the three months ended in Apr. 2024 was C$-0.02 Mil. Claren Energy's Interest Expense for the three months ended in Apr. 2024 was C$-0.01 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Claren Energy's Interest Coverage or its related term are showing as below:


TSXV:CEN.H's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 6.64
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Claren Energy Interest Coverage Historical Data

The historical data trend for Claren Energy's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Claren Energy Interest Coverage Chart

Claren Energy Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Interest Coverage
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Claren Energy Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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Competitive Comparison of Claren Energy's Interest Coverage

For the Oil & Gas E&P subindustry, Claren Energy's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Claren Energy's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Claren Energy's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Claren Energy's Interest Coverage falls into.



Claren Energy Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Claren Energy's Interest Coverage for the fiscal year that ended in Jul. 2023 is calculated as

Here, for the fiscal year that ended in Jul. 2023, Claren Energy's Interest Expense was C$-0.03 Mil. Its Operating Income was C$-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Claren Energy did not have earnings to cover the interest expense.

Claren Energy's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Here, for the three months ended in Apr. 2024, Claren Energy's Interest Expense was C$-0.01 Mil. Its Operating Income was C$-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Claren Energy did not have earnings to cover the interest expense.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


Claren Energy  (TSXV:CEN.H) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Claren Energy Interest Coverage Related Terms

Thank you for viewing the detailed overview of Claren Energy's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Claren Energy Business Description

Traded in Other Exchanges
N/A
Address
1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5
Claren Energy Corp is a Canada-based company that is principally engaged in the business is the acquisition and exploration of petroleum and natural gas properties. Geographically, the company operates within Canada and Romania. It generates majority of its revenue from Canada.

Claren Energy Headlines

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